The Car Buying Process
Definitions
Financing Your Car
Consumer Protection For Car Buyers
The Price
100

Where can you find cars for sale?

What is online, print, dealerships or newspapers

100
Sticker Price
What is the price shown on the tag in the cars window.
100

What is the best way to finance your car?

What is through a bank

100
What is a warranty?
What is a written statement about a products qualities or performance that the seller assures are true.
100
What is another name for the sticker price?
What is manufacturer's suggested retail price (MSRP)
200
What are the two options of buying a car?
What is new or used
200
Car Buying Service
What is it allows you to choose the vehicle features you want.
200
What is a car lease similar to?
What is an apartment lease.
200
What is a necessary lawsuit to enforce your states law?
What is arbitration.
200
If you do not want to negotiate the price of the vehicle who can you go to for help?
What is the services of a professional
300

How can you check insurance rates?

What is by calling your insurance agent

300
Exist in many states and protect consumers from the consequences of buying a defective car
What is lemon laws
300

What is a balloon payment?

What is a lump sum payment at the end of a loan term?

300
The Federal Trade Commission is also known as what?
What is the Used Car Rule.
300
What are examples of dealer add-ons?
What is high prices, high profit, no value.
400

What is a down payment?

What is the initial payment made towards the purchase of a car?

400
Verifies that a vehicle meets the minimum clean-air standards.
What is vehicle emission test
400

Which manufactures offer loans through dealerships?

What is most major car dealerships?

400

What information is on a buyer's guide?

What is vehicle name, model, year, vin number, dealer stock number and warranty.

400
Where can you go to get estimates on the vehicle?
What is The Kelley Blue Book
500

What should you do before signing a car loan?

What is researching interest rates and fees?

500
An abundance of information on different car models
What is consumer reports or car and driver
500
What three companies offer vehicle loans?
What is banks, credit unions, and insurance companies.
500

What do lemon laws allow?

What is get a new car or get your money back.

500
The dealer's invoice is approximately what percent of the sticker price?
What is 90 %